Tega Industries IPO - Listing Day Performance

Tega Industries IPO - Listing Day

by 5paisa Research Team Last Updated: Dec 10, 2022 - 06:26 pm 43.6k Views
Listen icon

Tega Industries had a strong listing on 13th December and listed at a premium of 67.77%, but closed the day well below the listing price. The stock did show a strong opening during the day but lost value from higher levels and the weak markets only accentuated it.

With 219.04 times subscription and consistent premium in the grey market, Tega Industries was expected to list and trade at a premium. Here is the Tega Industries listing story on 13-Dec.

The IPO price was fixed at the upper end of the band at Rs.453 which was obvious considering that the issue was subscribed 219.04 times overall with robust contribution from retail, HNI and the QIB segments.

The price band for the Tega IPO was Rs.443 to Rs.453. On 13th Dec, the stock of Tega Industries listed on the NSE at a price of Rs.760, a premium of 67.77% above the issue price of Rs.453. On the BSE also, the stock listed at Rs.753 a premium of 66.23% over the issue price.

On the NSE, Tega Industries closed on 13-Dec at a price of Rs.718, a first day closing premium of 58.50% on the issue price of Rs.453. However, the closing price was 5.53% below the listing price.

On the BSE, the stock closed at Rs.725.50, a first day closing premium of 60.15% on the issue price, but 3.65% below the listing price. On both the exchanges, the stock listed at a premium to the issue price, but failed to hold on to the premiums, although it did close the day with hefty premium to the IPO price.

On Day-1 of listing, Tega Industries touched a high of Rs.767.70 on the NSE and a low of Rs.712.25. The premium compressed through the day. On Day-1 of listing, the Tega Industries stock traded a total of 166.46 lakh shares on NSE amounting to value of Rs.1,234.36 crore.  On 13-Dec, Tega Industries was the fourth most active share on NSE by traded value.

On the BSE, Tega Industries touched a high of Rs.767.10 and a low of Rs.711.50. On BSE, the stock traded a total of 10.84 lakh shares amounting to value of Rs.80.39 crore. It was the fourth most active share on the BSE also in terms of trading value.

At the close of Day-1 of listing, Tega Industries had a market capitalization of Rs.4809.57 crore with free-float market cap of Rs.721.44 crore.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in December 2021

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Analysis of Upcoming IPO - Mukka Proteins Limited

What Mukka Proteins Do? Products containing fish protein are produced by Mukka Proteins Limited. firm manufactures & distributes fish meal, fish oil, & fish soluble paste—all necessary components for creation of aqua feed, which is used for fish & shrimp, poultry feed, which is used for broilers & layers, & pet food, which is used for dog & cat food. Upcoming IPO, exports its products to following countries

Market Outlook for 23 February 2024

Nifty witnessed a sharp correction during the opening hour on the weekly expiry day. The index sneaked below the 21900 mark, but it started recovering in the later part of the day and as it surpassed the 22000 mark, the momentum accelerated in the last hour of trade. The index rallied sharply to register a new high and end the day above 22200.

Stock in Action – Bajaj Consumer Ltd

Bajaj Consumer Stock Movement of Day